Uralkali’s $1bn pre-export financing roars home

06 Jun 2013

Russian potash firm Uralkali has signed a hugely oversubscribed $1bn five year pre-export finance facility (PXF).

Uralkali launched the self arranged club deal at $700m but demand was strong enough from the 14-strong bank group to push commitments to $1.4bn.

The borrower initially only wanted a small increase to the deal size, bankers said in May. However, the deal saw a lot of volatility in ...

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